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Discussion Forum : News and Current Events : Obama: Too much debt could fuel double-dip recession

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Joined: 2002/12/11
Posts: 37631
"Pilgrim and Sojourner." - 1 Peter 2:11

 Obama: Too much debt could fuel double-dip recession

[b]Obama: Too much debt could fuel double-dip recession[/b]

President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession.

With the U.S. unemployment rate at 10.2 percent, Obama told Fox News his administration faces a delicate balance of trying to boost the economy and spur job creation while putting the economy on a path toward long-term deficit reduction.

His administration was considering ways to accelerate economic growth, with tax measures among the options to give companies incentives to hire, Obama said in the interview with Fox conducted in Beijing during his nine-day trip to Asia. ...

SI Moderator - Greg Gordon

 2009/11/19 18:46Profile

Joined: 2007/1/21
Posts: 797

 Re: Obama: Too much debt could fuel double-dip recession

Kind of interesting considering how much money has already been spent during his first year in office.


 2009/11/19 18:49Profile

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